Credit reports have an important role in our lives, affecting our ability to secure loans, housing, and in some cases, employment. It is important to check your credit reports for inaccuracies so you can more quickly rebuild your finances. Here’s how you can pull credit reports at no cost and challenge errors.
- Every 12 months, it is possible to secure a free copy of your credit reports from TransUnion, Equifax and Experian, the three credit reporting agencies. To do this, visit annualcreditreport.com and request your credit reports.
- Once you have a copy of your credit reports, it is time to check for errors. Check for debts sent to collections that do not belong to you, accounts with erroneous credit limits, and payments that have been incorrectly labeled as late.
- After spotting errors, gather as much documentation and evidence as possible to support your disputes. For example, if you have receipts proving payment on accounts that have been sent to collections, gather them.
- Now that you have evidence, it is time to write and mail letters to the credit reporting agency or agencies displaying the errors. Credit reporting agencies will investigate errors and any documentation sent with the letters.
- Follow up with the credit reporting agencies within 30 days. If the dispute is legitimate, the companies responsible for tarnishing your reports must notify the three credit reporting agencies to remove the errors.
What Other Options Are Available For Fixing My Credit Reports?
Rebuilding your financial standing can take time, patience and effort. However, staying alert and constantly paying debts on time is the best way to fix poor credit reports. Always look out for errors, and if possible, request your credit reports every three months.
The Sader Law Firm – Kansas City Bankruptcy Attorneys